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Congressional Oversight Panel: COP to Hold Hearing Thurs., Mar. 19th: “Learning from the Past—Lessons from the Banking Crises of the 20th Century”

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Home > Press > COP to Hold Hearing Thurs., Mar. 19th: “Learning from the Past—Lessons from the Banking Crises of the 20th

Congressional Oversight Panel to Hold Hearing Thursday, March
19th: “Learning from the Past—Lessons from the Banking Crises
of the 20th Century”
March 16, 2009

Hearing to Examine Government Responses to Major Banking
Crises of the 20th Century
WASHINGTON, D.C.—The Congressional Oversight Panel announced today that it will
hold a public hearing on the lessons that can be learned from government responses to
major banking crises of the 20th century. The hearing will be held on Thursday March
19th, 2009 in Washington, D.C., and will provide an opportunity for the Panel members
hear from experts on prominent banking crises of the last 100 years. The Panel hopes to
achieve a better understanding of the effectiveness of prior government efforts to stabilize
banks and restart economic growth in order to better assess responses to the current
economic situation.
The Panel will hear testimony from experts on the banking crises in Japan and Sweden
during the early 1990s, the Savings and Loan collapse in the 1980s, and the Great
Depression of the 1930s.
The following witnesses are expected to testify at Thursday’s hearing:
Bo Lundgren
Director General, Swedish National Debt Office
Former Swedish Minister of Financial and Fiscal Affairs
Richard Katz
Editor-in-Chief, The Oriental Economist
Author, Japan: The System That Soured—The Rise and Fall of the Japanese
Economic Miracle and Japanese Phoenix
David C. Cooke
Former Executive Director, Resolution Trust Corporation
Dr. Eugene White
Professor of Economics, Rutgers University
Research Associate, National Bureau of Economic Research
The Congressional Oversight Panel was created to oversee the expenditure of Troubled
Asset Relief Program (TARP) funds authorized by Congress in the Emergency Economic

http://cybercemetery.unt.edu/archive/cop/20110401231326/http://cop.senate.gov/press/releases/release-031609-hearing.cfm[12/15/2015 12:56:08 PM]

Congressional Oversight Panel: COP to Hold Hearing Thurs., Mar. 19th: “Learning from the Past—Lessons from the Banking Crises of the 20th Century”

Stabilization Act of 2008 (EESA) and to provide recommendations on regulatory reform.
The Panel members are: Congressman Jeb Hensarling (R-TX), Richard H. Neiman,
Superintendent of Banks for the State of New York, Damon Silvers, Associate General
Counsel of the AFL-CIO, former US Senator John E. Sununu (R-NH), and Elizabeth
Warren, Leo Gottlieb Professor of Law at Harvard Law School.
Additional details will be released as soon as they are available.
Event Details
WHO:
Members of the TARP Congressional Oversight Panel
WHAT:
Congressional Oversight Panel Hearing:
Learning from the Past—Lessons from the Banking Crises of the 20th Century
WHEN:
Thursday March 19th, 2009
10:00 am
WHERE:
US Capitol Visitor Center
Room SVC 208/209
Washington, D.C.

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